The Ibex remains one step away from recovering 8,800 points after a rebound of more than 1%

Once again we must talk about DIA. Today they have risen 2% to 0.77 euros. The bears, which have already obtained benefits due to the large falls of DIA, close positions, which causes the value to shoot up. Norges Bank has liquidated its position in the capital of the company and Capital Fund has reduced positions by 0.85%.

Meliá Hotels, which has risen by 3.15%, has followed at the top of the table. IAG has also done so, with a 3% increase. The air holding presents its results tomorrow and today it has reported a dividend. In addition, it has estimated 244,000 people affected by the British Airways hack.

This Thursday also closed in green the five heavyweights of the Ibex, with the exception of Repsol. BBVA and Banco Santander closed with increases of 2.8% and 2.2%, respectively. For its part, Inditex rose by 1.14%, Iberdrola rose in value 0.79% and Telefónica 1%.

Mediaset has been the red lantern of the session with a fall of 2%, hindered by the bad behavior of Atresmedia that has presented its results. The company obtained a net profit of 86 million euros in the first nine months of the year, 16.8% lower than the same period of 2017, when the company earned 103.4 million euros. The lack of advertising investment is what has taken its toll on the television company, which has fallen more than 10%.

Repsol, which fell 1.44%, was the second worst performer and was accompanied by Grifols, which was down 0.9%. Banco Sabadell has been the only bank that has closed in red, with a drop of 0.72%, which brings it even closer to its historical lows.

On the other hand, Bankinter has risen 0.11% after presenting its results. The entity has earned 403.6 million euros, representing an increase of 7.3%. However, its CEO, Dolores Dancausa, has indicated that Bankinter will assume a cost of 1% of each new mortgage if the Supreme Court confirms the ruling, but it will not be known until November 5.

OTHER MARKETS

The rest of European stock markets closed with increases. The CAC 40 of France has risen 1.61%; the German DAX 30, 1.08%; the FTSE 100 of London, 0.55%. Rebounds aside, the stock market panorama continues very bleak. October is traditionally the month for equities, but it seems that it doesn't fully take off. There are many geopolitical uncertainties that put pressure on equities, and that is how it is very difficult to raise. In Europe, Italy is still the big problem.

But investors have been alert in the Old Continent to the meeting of the European Central Bank (ECB). The monthly appointment has arrived this October in the middle of the Italian budget crisis. The monetary supervisor has confirmed that he remains faithful to the plans of the entity and has ratified the end of the quantitative stimuli in December.

In addition to the ECB, other relevant macro data have been published on the day, such as the IFO for October in Germany - 102.8 compared to 103.1 expected and 103.7 previously - or unemployment in Spain, which fell by 164,100 people in summer.

While Wall Street quotes with important rises after Wednesday closed with sharp falls. The euro continues its decline against the dollar and is exchanged for 1.1372 'greenbacks'. Meanwhile, oil is up 0.4%, which means that Brent is worth 77 dollars and West Texas is trading at 67 dollars.

TECHNICAL ANALYSIS

"The most interesting thing about this Thursday's session is that we were able to go up, with some joy, after Wall Street's black Wednesday," said José María Rodríguez, a Bolsamanía technical analyst. Which means that the market is no longer the work of giving continuity to the falls as well, or at least not without a rebound of a certain entity. "If then, over time, this rebound ends up being something more than that, only time will tell," says the analyst.

For now BBVA regains the support lost on Wednesday of the five euros and Santander seems to rebound, to the cent, from the level of adjustment / retreat of 61.8% of the whole rise from the lows of Brexit. What combined with the fact that Inditex is recovering some strength (it has bullish divergences from support) and that Telefonica manages to keep the rate in recent weeks generates a sensation: that many of the 'blue chips' do not seem to want to correct further.

Let's see this Friday's close, because if it were able to close in green we would leave an interesting weekly candle from potential support areas, such as confirmation to have a third point of support in the support line that joins the lows of 2012 and 2016 and more or less would go through the lows of this week.